This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2023-03-31-accounts

onations:
In respect ofyear ended:	Received (f)	Date of receipt	Donations paid (8)
31 March 2013	492,829	27Sep 2013	492,029
31 March 2014	1,593,867	5Sep 2014	1,592,474
31 March 2015	2,209,638	17Sep2015	2,209,000
31 March 2016	2,375,804	15Sep 2016	2,371,000
31 March 2017	2,375,804	21 Sep 2017	2,385,804
31 March 2018	2,375,804	16Aug 2018	2,514,070
31 March 2019	2,375,804	20Sap 2019	2,563,797
31 March 2020	2,632,809	19Jun 2020	2,870,000
31 March 2021	2,691,553	30Jun 2021	279,500
31 March 2022	2,428,478	30June 2022	2,613,697
31 March 2023	4,621,843	28June 2023	2,340,500

For the yea	r	ended	31 March 2023
					Yearended	Year ended	Year ended	Yearended
					31 March	31 March	31 March	31 March
					2023	2023	2023	2022
					Restricted	Unrestricted	Total	Total
					Funds	Funds	Funds	Funds
				Note
Income from:
Donations Investment		Income				4,670,993 200	4,670,993 200	2,490,138
Total Income						4,671,193	4,671,193	2,490,138
Expenditure		on:
Charitable	activities			4, 5		2,542,171	2,542,171	2,883,258
Total expenditure						2,542,171	2,542,171	2,883,258
Net income/(expenditure)						2,129,022	2,129,022	(393,120)
Reconciliation offunds:
Total funds		brought	forward at start ofyear	15		2,248,632	2,248,632	2,641,752
Total funds		carried	forward at end of	15		4,377,654	4,377,654	2,248,632
year

BALANCE SHEET	BALANCE SHEET
As at 31 March 2023
				As at	As at
				31March 2023	31 March 2022
				Total Funds	Total Funds
			Note	6	6
Fixed Assets
Investment
Current Assets
Debtors			10	4,849,161	2,883,379
Cash at bank and	in	hand		38,393	52,973
Total current assets				4,887,554	2,936,352
Creditors: amounts		falling due
within one year				(282,900)	(233,220)
Net Current Assets				4,604,654	2,703,132
Creditors: amounts		falling due after
more than one year			11	(227,000)	(454,500)
Total Assets less	Current Liabilities			4,377,654	2,248,632
The funds ofthe charity:
Restricted income	funds
Unrestricted income		funds		4,377,654	2,248,632
Total Funds				4,377,654	2,248,632

		Note	2023	2022
			8	8
Net cash Rows from operating
activities			(14,580)	(103,051)
Net decrease In cash and	cash
equivalents			(14,580)	(103,051)
Cash and cash equivalents	at
beginning cfyear			52,973	156,024
Cash and cash equivalents	at the
end ofthe year			38,393	52,973

An analysis	ofannual charitable	ofannual charitable	donations	donations	is shown	is shown	below:
					2023		2023	2022		2022
Charitable	activities:		Donations			to	Donations to	Donations	to	Donations	to
				institutions			individuals	institutions		individuals
						L	F		6		6
Charitable	organisations				2,487,500			2,815,697
Total					2,487,500			2,815,697
							2023			2022
Allocation	ofinstitutional	donations		payable			5			E
Donations	to core chadities
Restricted
Unrestricted							2,340,500		2,613,697
Donations	to other charities:
Business	Beats Cancer Guernsey						17,000			17,000
Heritage of London Trust							30,000			60,000
Komunitni	Centrum Kampa						10,000
Lady Garden Foundation							50,000
Macmillan	Cancer Support						10,000
Matt Hampson Foundation							30,000			60,000
Place2Be										60,000
Trinity College, Cambridge										5,000
Total charitable donation		for	year				2,487,500		2,815,697

he allocation ofthese	support cos	ts is shown in	the table belo	w:
Year ended 31 March	2023	Charitable	Activities	Other Expenditure		Total
			6		6
Support and Other Costs:
Governance (see Note	6)		54,671			54,991
Total Support and Other
Expenditure			54,671			54,991
Institutional Donations	Payable
(see Note 4)			2,487,500			2,487,500
Total Expenses			2,542,171			2,542,491
Year ended 31 March	2022	Charitable	Activities	Other Expenditure		Total
Support and Other Costs:
Governance (see Note	6)		67,561			67,561
Total Support and Other
Expenditure			67,561			67,561
Institutional Donations	Payable
(see Note 4)			2,815,697			2,815,697
Total Expenses			2,883,258			2,883,258

n analysis	ofg	over	nan	ce costs	isas follows:
						2023	2022
						6	E
Statutory	Audit	fee				4,600	4,920
Insurance	costs					771	861
Other professional			fees			120	120
Administrative		support		provided	by Syncona
(see Note	2)					49,150	61,660
Bank charges						30
						54,671	67,561

		2023	2022
		6	6
Due within	one year
Receivable	from Syncona GP (see Note 2)	4,621,843	2,428,478
Other debtors		227,000	454,500
Prepayments		318	401
		4,849,161	2,883,379

NOTES TO THE FINANCIAL STATEMENTS	NOTES TO THE FINANCIAL STATEMENTS	NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2023
11. Creditors
			2023	2022
				5
Due within one year:
Charity donations payable	(see
Note 12)			277,500	227,500
Trade and other creditors
Statutory Audit fee			5,400	5,720
			282,9000	233,220
Due after more than one year:
Charity donations payable (see
Note 12)			227,000	454,500
			227,000	454,500
12. Funding commitments
At 31 March 2023, the Foundation		had committed	to make the following donations,	which are considered
a liability:
			2023	2022
			5	E
Due within one year:
Generating Genius			100,500	100,500
Heritage of London Trust			30,000	30,000
Lady Garden Foundation			50,000
Matt Hampson Foundation			30,000	30,000
Royal Marsden Cancer Charity			50,000	50,000
Business Beats Cancer Guernsey			17,000	17,000
			277,500	227,500
Due after more than one year
Generating Genius				100,500
Heritage ofLondon Trust			30,000	60,000
Matt Hampson Foundation			30,000	60,000
Royal Marsden Cancer Chadity			150,000	200,000
Business Beats Cancer Guernsey			17,000	34,000
			227,000	454,500

13.	Reconciliation	ofnet movement	ofnet movement	in funds to net cashflow from operating	activities
				2023f	2022f
Net	income/(expenditure)	for the	year	2,129,022	(393,120)
Net	income/(expenditure)	before	movement	in
working capital				2,129,022	(393,120)
(Increase)/decrease in		debtors		(1,965,782)	129,569
(Decrease)/increase in		creditors		(177,820)	160,500
Net	cash flows from operating		activities	(14,580)	(103,051)
14.	Related parties

Year ended 31 March 2023	Year ended 31 March 2023
Analysis of Fund		Fund brought	Income	Expenditure		Fund carried
movements		forward at		(including		forward at
		1 April 2022f	f	taxation)	f	31March 2023 f
(a) Restricted	Funds
(b) Unrestricted	Funds	2,248,632	4,671,193	(2,542,171)		4,377,654
		2,248,632	4,671,493	(2,542,171)		4,377,654
Year ended 31	March 2022
Analysis of Fund		Fund brought	Income	Expenditure		Fund carried
movements		forward at		(Including		forward at
		1April 2021f	f	taxatlon)	f	31 March 2022 f
(a) Restricted	Funds
(b) Unrestricted	Funds	2,641,752	2,490,138	(2,883,258)		2,248,632
		2,641,752	2,478,478	(2,871,598)		2,248,632